The Fed Beige Book

The Fed Beige Book

See Also:
Economic Indicators
Balance of Payments
Supply and Demand Elasticity
Stagflation
What are the Twin Deficits?

Federal Reserve Beige Book

The Fed beige book is more formally known as the “Summary of Commentary on Current Economic Conditions.” The beige book describes economic conditions in each of the twelve Federal Reserve Bank districts. The beige book is published eight times per year by the Federal Reserve Board. In addition, the reports are available to the public. The book is nicknamed the beige book because the cover is beige.

Federal Reserve District Banks

The Federal Reserve Board oversees the Federal Reserve System, which is the central bank of the United States. The twelve district banks are headquartered in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, San Francisco, and St. Louis.

What’s in the Beige Books?

The beige books summarize the economic conditions of the twelve Federal Reserve Bank districts. Furthermore, anecdotal evidence determines the economic conditions. As a result, Federal Reserve Bank officials meet with and interview economists, industry experts, and key business contacts and ask them for their perceptions of current economic conditions. They use the information garnered from these sources to compose the summary.
Each District Bank writes up its report, summarizing economic conditions by sector, and submits the summary to the district bank responsible for compiling the beige book. Responsibility for compiling the beige book rotates among all the district banks. The district bank responsible for compiling the beige book then summarizes the district economic conditions in a broader overall summary of economic conditions.
The summaries describe economic conditions in descriptive terms rather than with lots of numeric data and quantitative analysis.

What is the Beige Book For?

When the Federal Reserve Open Market Committee (FOMC) meets eight times per year to discuss and decide issues of U.S. monetary policy, such as raising or lowering the fed funds rate, they consider the information in the beige book as one of the sources of data in the process.

Beige Book 2008

To see the Federal Reserve beige book 2008 as well as older beige books, go to: federalreserve.gov.
fed beige book

ARTICLES YOU MIGHT LIKE

Does your Accounting Department Produce Net Income?

Coaching the Entrepreneur: Learn how to know what you don’t know. How much should I spend on accounting for my company?     I have been in the accounting profession for 32 years, and for the last 6 years, I’ve owned my own consulting firm to assist companies with accounting challenges. There is one common theme that I

Read More »

Is Mexico the New China?

In the wake of the COVID-19 pandemic and escalating tensions with China, American companies are actively seeking alternatives to mitigate their supply chain risks and reduce dependence on Chinese manufacturing. Nearshoring, the process of relocating operations closer to home, has emerged as an explosive opportunity for American and Mexican companies to collaborate like never before.

Read More »

JOIN OUR NEXT SERIES

Financial Leadership Workshop

MARCH 28TH-31ST 2022

THE ART OF THE CFO®

Financial Leadership Workshop

Days
Hours
Min

August 7-10th, 2023

SHARE THIS ARTICLE
WIKI CFO® - Browse hundreds of articles
Skip to content